Ovum Forecast: IT spending to Hit $90 billion by 2015

Hong Kong boat
Hong Kong will experience a CAGR of 8.1 percent in IT spending from 2011 to 2015, according to Ovum.

London-based independent technology analyst firm Ovum believes IT spending by capital markets firms will rise to almost $90 billion by 2015, driven by strong growth in the Asia-Pacific region and what it calls a "bounce-back" in the hedge fund sector.

In a new forecast, Financial Markets Technology Spending Through 2015, Ovum finds that Asia-Pacific will see some of the strongest growth in financial markets IT spending, as global companies continue to transfer power to the region due to its grow